Shanghai FTZ's Lingang new area welcomes first foreign bank
Time:2024-05-21 21:37:33 Source:styleViews(143)
Aerial photo taken on Oct. 24, 2019 shows a view of Lingang new area of the Shanghai free trade zone. (Xinhua/Ding Ting)
SHANGHAI, May 4 (Xinhua) -- The administrative committee of Lingang new area of the Shanghai free trade zone (FTZ) has announced that United Overseas Bank (UOB) China is expected to open in the third quarter of this year.
The landing of the first foreign bank shows that foreign investors are full of confidence in the development prospects of Lingang and China's financial market, according to the administrative committee.
UOB China said it will continue to provide one-stop financial services for Chinese and foreign enterprises with its business network strength in ASEAN, while focusing on creating cross-border financial innovation solutions with the policy advantages in Lingang. ■
You may also like
- Who is Abi Carter? Inside the American Idol winner's unconventional family life
- Nadal loses to De Minaur in second round at Barcelona. Spaniard had returned from injury layoff
- Catholic officials in Brooklyn agree to an independent oversight of clergy sex abuse allegations
- Victory for free speech in the face of Brussels bullies! Nigel Farage returns to right
- Digital technologies restore looks of 2,200
- Nigel Farage teases 'very big decision' on returning to frontline politics 'in the next few weeks'
- DEAR JANE: I HATE my boyfriend's awful pet name for me
- Stephen Curry tells the AP why 2024 is the right time to make his Olympic debut
- How Diddy made himself the 'victim' in apology video where he does not mention ex